ahhhh now ko lang nakita, sorry for the trouble of waiting you senor effendi.

the kiss of 50ma weekly is like a tsup (tsupita) for short term play. the kiss occur when price breach temporarily the 50ma of a particular stock in its weekly chart. there are kisses in daily charts as well but the kiss if 50ma weekly i find more reliable.

the theory of the kiss is that the 50ma acts as a strong support. initially a breach may occur but there's a big chance it will not take down so easily. The kiss then is being measure from the low point of its tail (the long bar). In our example, EDC, it was peg at 5.80 before, now at 5.75. By experience, a 7% t0 10% bounce is achievable. More if the market recovers.

Last month, when Mod Chachavevi came back from Australia, he coined the word Aussie kiss. Meaning there's a french kiss and now an aussie kiss. A french kiss is said to be an uptrend kiss coz of the very obvious reason your kissing a lips. now what about the aussie kiss? well... *gigols*
Australia - down under. yun lang.

Here's the previous chart if EDC. Monitoring the kiss. Pls note, we are dealing with the weekly chart here, so the end of week data is very important.